FLYW on Nasdaq
Flywire
Logo: flywire.com4
Fintech company based in Boston, founded in 20091
In its 2026 annual report the company says: “Flywire is a leading global payments enablement and software company. Our next-gen payments platform, proprietary global payment network, and vertical-specific software help our clients get paid and help their customers pay with ease—no matter where they are in the world. Our clients rely on us for integrated solutions that are both global and local, and combine tailored invoicing, flexible payment options, and highly personalized omni-channel experiences.”16
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Last updated Oct 21, 2026.
Overview
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- TickerFLYW on Nasdaq1
- Industryfintech1
- HeadquartersBoston1
- Websitewww.flywire.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address141 Tremont Street, Suite 10, Boston, Ma 021116
- Filer categoryLarge accelerated filer6
- LEI54930055DSV7NNY4VY663
- StatusActive3
- LEI statusIssued and current3
- Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 47148153
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
1.8%Operating margin5
2.2%Net margin5
26.6%Revenue growth, 20255
1.6%Return on equity5
$98.8MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Transactions brought in 81% of the revenue Flywire broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Transactions | $329.7M | $410.3M | $502.7M |
| Platform And Other Revenues | $73.4M | $81.9M | $120.4M |
Regions
United States and Canada (Americas) brought in 46% of the revenue Flywire broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States and Canada (Americas) | $222.6M | $221.6M | $285.7M |
| Europe, the Middle East and Africa (EMEA) | $120.8M | $188.9M | $241.0M |
| Asia and Pacific (APAC) | $59.7M | $81.7M | $96.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development11¢$70.2M
- Other costs85¢$531.4M
- Income tax1¢$7.9M
- Profit2¢$13.5M
Out of $623.0M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$1.4M
- Kept or used elsewhere99¢$98.8M
Out of $100.2M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $623.0M | $492.1M | $403.1M |
| Payment processing services costs | $240.4M | $177.5M | $147.3M |
| Technology and development | $70.2M | $66.6M | $62.0M |
| Selling and marketing | $157.0M | $129.4M | $107.6M |
| General and administrative | $135.5M | $125.8M | $107.6M |
| Restructuring | $8.7M | $0 | $0 |
| Total costs and operating expenses | $611.7M | $499.4M | $424.6M |
| Income (loss) from operations | $11.3M | -$7.3M | -$21.5M |
| Interest expense | -$3.5M | -$538.0K | -$372.0K |
| Interest income | $5.6M | $21.4M | $13.3M |
| Gain (loss) from remeasurement of foreign currency | $7.9M | -$11.8M | $4.2M |
| Gain on available-for-sale debt securities | $166.0K | $0 | $0 |
| Total other income (expense), net | $10.1M | $9.1M | $17.2M |
| Income (loss) before income taxes | $21.4M | $1.9M | -$4.4M |
| Provision for (benefit from) income taxes | $7.9M | -$1.0M | $4.2M |
| Net income (loss) | $13.5M | $2.9M | -$8.6M |
| Foreign currency translation adjustment | $4.7M | -$3.6M | $3.2M |
| Unrealized (losses) gains on available-for-sale debt securities, net of taxes | -$153.0K | $208.0K | $0 |
| Total other comprehensive income (loss) | $4.6M | -$3.4M | $3.2M |
| Comprehensive income (loss) | $18.1M | -$486.0K | -$5.3M |
| Net income (loss) attributable to common stockholders - basic | $13.5M | $2.9M | -$8.6M |
| Net income (loss) attributable to common stockholders - diluted | $13.5M | $2.9M | -$8.6M |
| Net income (loss) per share attributable to common stockholders - basic | $0.11 | $0.02 | -$0.07 |
| Net income (loss) per share attributable to common stockholders - diluted | $0.11 | $0.02 | -$0.07 |
| Weighted average common shares outstanding - basic | 122.4M shares | 124.3M shares | 114.8M shares |
| Weighted average common shares outstanding - diluted | 127.7M shares | 129.3M shares | 114.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $330.3M | $495.2M | ||
| Short-term investments | $24.7M | $115.8M | ||
| Accounts receivable, net of allowance of $834 and $410, respectively | $34.8M | $23.7M | ||
| Unbilled receivables, net of allowance of $45 and $36, respectively | $20.5M | $15.5M | ||
| Funds receivable from payment partners | $155.5M | $90.1M | ||
| Prepaid expenses and other current assets | $36.5M | $22.5M | ||
| Total current assets | $602.3M | $762.9M | ||
| Long-term investments | $0 | $50.1M | ||
| Property and equipment, net | $22.1M | $17.2M | ||
| Intangible assets, net | $189.1M | $118.7M | ||
| Goodwill | $406.5M | $149.6M | $121.6M | |
| Other assets | $33.3M | $24.0M | ||
| Total assets | $1.3B | $1.1B | ||
| Accounts payable | $15.3M | $15.4M | ||
| Funds payable to clients | $310.8M | $217.8M | ||
| Accrued expenses and other current liabilities | $55.7M | $49.3M | ||
| Deferred revenue | $20.0M | $7.3M | ||
| Total current liabilities | $401.8M | $289.8M | ||
| Deferred tax liabilities | $12.9M | $12.6M | ||
| Other liabilities | $3.5M | $5.3M | ||
| Total liabilities | $418.1M | $307.7M | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025; 126,853,852 shares issued and 122,182,878 shares outstanding as of December 31, 2024 | $13.0K | $13.0K | ||
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, 1,873,320 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Treasury voting common stock, at cost; 10,249,429 and 4,670,974 shares as of December 31, 2025 and December 31, 2024, respectively | -$118.6M | -$46.3M | ||
| Additional paid-in capital | $1.1B | $1.0B | ||
| Accumulated other comprehensive income (loss) | $2.5M | -$2.1M | ||
| Accumulated deficit | -$157.4M | -$170.9M | ||
| Total stockholders' equity | $835.2M | $814.8M | $786.1M | $481.9M |
| Total liabilities and stockholders' equity | $1.3B | $1.1B | ||
| Accounts Receivable, Allowance for Credit Loss, Current | $834.0K | $410.0K | ||
| Allowance For Unbilled Receivables Current | $45.0K | $36.0K | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 2.0B shares | 2.0B shares | ||
| Common Stock, Shares, Issued | 130.3M shares | 126.9M shares | ||
| Common Stock, Shares, Outstanding | 120.1M shares | 122.2M shares | ||
| Common Stock Par Or Stated Value Per Share Non Voting Right | $0.00 | $0.00 | ||
| Common Stock Shares Authorized Non Voting Right | 10.0M shares | 10.0M shares | ||
| Common Stock Shares Issued Non Voting Right | 1.9M shares | 1.9M shares | ||
| Common Stock Shares Outstanding Non Voting Right | 1.9M shares | 1.9M shares | ||
| Treasury stock common shares | 10.2M shares | 4.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $330.3M | $495.2M | ||
| Short-term investments | $24.7M | $115.8M | ||
| Accounts receivable, net of allowance of $834 and $410, respectively | $34.8M | $23.7M | ||
| Unbilled receivables, net of allowance of $45 and $36, respectively | $20.5M | $15.5M | ||
| Funds receivable from payment partners | $155.5M | $90.1M | ||
| Prepaid expenses and other current assets | $36.5M | $22.5M | ||
| Total current assets | $602.3M | $762.9M | ||
| Long-term investments | $0 | $50.1M | ||
| Property and equipment, net | $22.1M | $17.2M | ||
| Intangible assets, net | $189.1M | $118.7M | ||
| Goodwill | $406.5M | $149.6M | $121.6M | |
| Other assets | $33.3M | $24.0M | ||
| Total assets | $1.3B | $1.1B | ||
| Accounts payable | $15.3M | $15.4M | ||
| Funds payable to clients | $310.8M | $217.8M | ||
| Accrued expenses and other current liabilities | $55.7M | $49.3M | ||
| Deferred revenue | $20.0M | $7.3M | ||
| Total current liabilities | $401.8M | $289.8M | ||
| Deferred tax liabilities | $12.9M | $12.6M | ||
| Other liabilities | $3.5M | $5.3M | ||
| Total liabilities | $418.1M | $307.7M | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025; 126,853,852 shares issued and 122,182,878 shares outstanding as of December 31, 2024 | $13.0K | $13.0K | ||
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, 1,873,320 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Treasury voting common stock, at cost; 10,249,429 and 4,670,974 shares as of December 31, 2025 and December 31, 2024, respectively | -$118.6M | -$46.3M | ||
| Additional paid-in capital | $1.1B | $1.0B | ||
| Accumulated other comprehensive income (loss) | $2.5M | -$2.1M | ||
| Accumulated deficit | -$157.4M | -$170.9M | ||
| Total stockholders' equity | $835.2M | $814.8M | $786.1M | $481.9M |
| Total liabilities and stockholders' equity | $1.3B | $1.1B | ||
| Accounts Receivable, Allowance for Credit Loss, Current | $834.0K | $410.0K | ||
| Allowance For Unbilled Receivables Current | $45.0K | $36.0K | ||
| Preferred Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Preferred Stock, Shares Authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding | 0 shares | 0 shares | ||
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | ||
| Common Stock, Shares Authorized | 2.0B shares | 2.0B shares | ||
| Common Stock, Shares, Issued | 130.3M shares | 126.9M shares | ||
| Common Stock, Shares, Outstanding | 120.1M shares | 122.2M shares | ||
| Common Stock Par Or Stated Value Per Share Non Voting Right | $0.00 | $0.00 | ||
| Common Stock Shares Authorized Non Voting Right | 10.0M shares | 10.0M shares | ||
| Common Stock Shares Issued Non Voting Right | 1.9M shares | 1.9M shares | ||
| Common Stock Shares Outstanding Non Voting Right | 1.9M shares | 1.9M shares | ||
| Treasury stock common shares | 10.2M shares | 4.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $13.5M | $2.9M | -$8.6M |
| Unrealized (gain) loss on remeasurement of foreign currency | -$11.9M | $11.6M | $2.3M |
| Depreciation and amortization | $26.1M | $17.4M | $15.8M |
| Stock-based compensation expense | $71.8M | $64.9M | $43.7M |
| Amortization of deferred contract costs | $1.7M | $972.0K | $1.8M |
| Change in fair value of contingent consideration | -$1.9M | -$978.0K | $380.0K |
| Deferred tax (benefit) provision | -$1.4M | -$8.8M | $72.0K |
| Change in provision for uncollectible accounts | $2.4M | -$83.0K | $326.0K |
| Non-cash interest income | $0 | -$1.4M | $0 |
| Amortization of debt issuance costs | $271.0K | $230.0K | $298.0K |
| Net accretion of discounts and amortization of premiums on investments | -$607.0K | -$1.8M | $0 |
| Accounts receivable | -$6.8M | -$5.2M | -$1.8M |
| Unbilled receivables | -$4.5M | -$4.8M | -$5.2M |
| Funds receivable from payment partners | -$63.7M | $23.3M | -$53.2M |
| Prepaid expenses, other current assets and other assets | -$17.7M | -$5.1M | -$5.1M |
| Funds payable to clients | $91.8M | $7.4M | $82.3M |
| Accounts payable, accrued expenses and other current liabilities | $4.7M | $168.0K | $4.7M |
| Contingent consideration | -$475.0K | -$93.0K | -$467.0K |
| Other liabilities | -$676.0K | -$1.4M | $170.0K |
| Deferred revenue | -$2.3M | -$391.0K | -$1.2M |
| Net cash provided by operating activities | $100.2M | $98.7M | $76.3M |
| Acquisitions of businesses, net of cash acquired | -$324.9M | -$45.2M | -$32.8M |
| Purchase of short-term and long-term investments | -$16.1M | -$192.1M | $0 |
| Proceeds from the maturity and sale of short-term and long-term investments | $156.6M | $29.6M | $0 |
| Capitalization of internally developed software | -$8.5M | -$5.3M | -$5.0M |
| Purchases of property and equipment | -$1.4M | -$924.0K | -$1.0M |
| Net cash used in investing activities | -$194.2M | -$214.0M | -$38.8M |
| Proceeds from issuance of revolving credit facility | $125.0M | $0 | $0 |
| Payment of revolving credit facility | -$125.0M | $0 | $0 |
| Proceeds from issuance of common stock under public offering, net of underwriting discount and commissions | $0 | $0 | $261.1M |
| Payments of costs related to public offering | $0 | $0 | -$1.1M |
| Payment of debt issuance costs | -$758.0K | -$783.0K | $0 |
| Contingent consideration paid for acquisitions | -$3.7M | -$1.0M | -$1.2M |
| Payments of tax withholdings for net settled equity awards | -$4.2M | -$797.0K | -$8.5M |
| Common stock repurchased | -$74.3M | -$43.7M | $0 |
| Proceeds from the issuance of stock under Employee Stock Purchase Plan | $3.3M | $3.1M | $2.7M |
| Proceeds from exercise of stock options | $2.3M | $5.6M | $10.4M |
| Deferred acquisition payment | -$1.0M | $0 | $0 |
| Net cash (used in) provided by financing activities | -$78.4M | -$37.6M | $263.4M |
| Effect of exchange rates changes on cash and cash equivalents | $7.5M | -$6.4M | $2.4M |
| Net change in cash and cash equivalents | -$164.9M | -$159.4M | $303.4M |
| Purchase of property and equipment in accounts payable | $10.0K | $16.0K | $14.0K |
| Accrued excise tax related to common stock repurchase | $349.0K | $451.0K | $0 |
| Capitalized stock-based compensation expense | $2.0M | $1.5M | $0 |
| Cash paid for interest | $2.6M | $0 | $0 |
| Issuance of common stock for retention bonus, Value | $0 | $324.0K | $1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Flywire sits at the top of its group. 24 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Flywire
- CADIAN CAPITAL MANAGEMENT, LP Filed SCHEDULE 13G/A on Flywire, latest Aug 14, 2026 (6 filings since May 15, 2025)
- Temasek Holdings (Private) Ltd Filed SCHEDULE 13G/A on Flywire, latest Jul 22, 2026 (4 filings since Feb 14, 2022)
- Divisadero Street Capital Management, LP Filed SCHEDULE 13G on Flywire, latest Jun 16, 2026
- Voss Capital, LP Filed SCHEDULE 13G/A on Flywire, latest Apr 22, 2026 (5 filings since Jun 3, 2025)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Flywire, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Flywire, latest May 12, 2025 (6 filings since Feb 9, 2022)
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Filed SCHEDULE 13G/A on Flywire, latest May 9, 2025 (2 filings since Nov 14, 2024)
- WESTFIELD CAPITAL MANAGEMENT CO LP Filed SCHEDULE 13G/A on Flywire, latest Mar 5, 2025 (2 filings since Feb 11, 2025)
- AllianceBernstein Filed SC 13G/A on Flywire, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- BAIN CAPITAL VENTURE FUND 2014, L.P. Filed SC 13G/A on Flywire, latest Feb 13, 2024 (3 filings since Feb 14, 2022)
- BlackRock Filed SC 13G on Flywire, latest Jan 29, 2024
- Spark Capital II LP Filed SC 13G/A on Flywire, latest Feb 3, 2023 (2 filings since Feb 10, 2022)
- Flywire Wilmington, Delaware, United States
- Cohort Go Brasil Representações Eireli Subsidiary · Brazil
- Cohort Solutions (Canada) Ltd Subsidiary · Canada
- Cohort Solutions (NZ) Ltd Subsidiary · New Zealand
- Cohort Solutions Pty Ltd Subsidiary · Australia
- Flywire (Hong Kong) Limited Subsidiary · Hong Kong
- Flywire (Singapore) Pte. Ltd Subsidiary · Singapore
- Flywire Europe, UAB Subsidiary · Lithuania
- Flywire G.K. Subsidiary · Japan
- Flywire Mexico, S.A. de C.V. Subsidiary · Mexico
- Flywire Pacific Pty Ltd Subsidiary · Australia
- Flywire Payments Canada, Inc. Subsidiary · Canada
- FLYWIRE PAYMENTS LIMITED Subsidiary · London, United Kingdom
- Flywire Europe, UAB Subsidiary · Vilnius, Lithuania
- Flywire Romania S.R.L. Subsidiary · Romania
- Flywire Serviços Ltda Subsidiary · Brazil
- Flywire Spain, S.L.U. Subsidiary · Spain
- FW Solutions India LLP Subsidiary · India
- Learning Information Systems Pty Limited Subsidiary · Australia
- Lis Studylink India Private Limited Subsidiary · India
- OSHC Australia Pty Ltd Subsidiary · Australia
- Simplificare Ltd. Subsidiary · Israel
- WPM Education Limited Subsidiary · United Kingdom
- WPM Payment Security Limited Subsidiary · United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Flywire reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $40.9M5 Dec 31, 2025 | $33.6M5 Dec 31, 2024 | +21.5% |
| Accumulated depreciation | $18.8M5 Dec 31, 2025 | $16.5M5 Dec 31, 2024 | +13.7% |
| Property and equipment, net | $22.1M5 Dec 31, 2025 | $17.2M5 Dec 31, 2024 | +28.9% |
| Operating-lease assets (leased space) | $3.7M5 Dec 31, 2025 | $3.4M5 Dec 31, 2024 | +8.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $330.3M5 Dec 31, 2025 | $495.2M5 Dec 31, 2024 | −33.3% |
| Marketable securities, current | $24.7M5 Dec 31, 2025 | $115.8M5 Dec 31, 2024 | −78.7% |
| Long-term investments | $05 Dec 31, 2025 | $50.1M5 Dec 31, 2024 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $406.5M5 Dec 31, 2025 | $149.6M5 Dec 31, 2024 | +171.8% |
| Intangible assets, net (excluding goodwill) | $189.1M5 Dec 31, 2025 | $118.7M5 Dec 31, 2024 | +59.3% |
| Finite-lived intangibles, gross | $257.6M5 Dec 31, 2025 | $166.2M5 Dec 31, 2024 | +55.0% |
| Accumulated amortization | $68.5M5 Dec 31, 2025 | $47.5M5 Dec 31, 2024 | +44.3% |
| Finite-lived intangibles, net | $189.1M5 Dec 31, 2025 | $118.7M5 Dec 31, 2024 | +59.3% |
Properties, in its own words
Our corporate headquarters are located in Boston, Massachusetts, where we occupy facilities totaling 10,946 square feet under a lease that expires in June 2027. We use these facilities for administration, finance, legal, compliance, human resources, payments, IT, sales and marketing, engineering, and customer success.
We maintain other leased locations in the United States and throughout the world. We intend to procure additional space as we strategically add FlyMates and expand geographically. We believe that our facilities are adequate to meet our needs for the immediate future, and that, should it be needed, suitable additional space will be available to accommodate any such expansion of our operations.
Item 2 of the 10-K filed Feb 24, 2026.16
Leadership
Who has led Flywire, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerMichael Massaro May 25, 2021 to now17
- PresidentRob Orgel May 25, 2021 to now18
- Chief financial officerCosmin Pitigoi Mar 6, 2024 to now19
- Chief financial officerMichael G. Ellis May 25, 2021 to Feb 16, 202420
- Chief operating officerRob Orgel May 25, 2021 to now18
Board members and other officers (15)
- Chief Technology OfficerPatrick Blanc Mar 2, 2026 to now21
- Chief Payments OfficerMohit Kansal Mar 6, 2026 to now22
- Board memberChristine Katziff Mar 27, 2026 to now23
- Board memberSabrina Farmer Sep 24, 2026 to now24
- Board memberCarleigh Jaques Nov 21, 2024 to now25
- Board memberDiane E. Offereins Jan 10, 2023 to now26
- Board memberGretchen Howard Sep 21, 2023 to now27
- Board memberAlex Finkelstein May 25, 2021 to now28
- Board memberEdwin J. Santos May 25, 2021 to now29
- Board memberJo Natauri May 25, 2021 to Dec 14, 202230
- Board memberMichael Massaro May 25, 2021 to now17
- Board memberPhillip John Riese May 25, 2021 to now31
- Board member2020 L.p. Stonebridge Jun 2, 2021 to Dec 14, 202232
- Board memberYvonne Hao Sep 27, 2021 to Jun 2, 202233
- General counselPeter Butterfield May 25, 2021 to now34
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Cohort Go Brasil Representações Eireli Brazil7
- Cohort Solutions (Canada) Ltd Canada7
- Cohort Solutions (NZ) Ltd New Zealand7
- Cohort Solutions Pty Ltd Australia7
- FW Solutions India LLP India7
- Flywire (Hong Kong) Limited Hong Kong7
- Flywire (Singapore) Pte. Ltd Singapore7
- Flywire Europe, UAB Lithuania7
- Flywire G.K. Japan7
- Flywire Mexico, S.A. de C.V. Mexico7
- Flywire Pacific Pty Ltd Australia7
- Flywire Payments Canada, Inc. Canada7
- Flywire Payments Limited United Kingdom7
- Flywire Romania S.R.L. Romania7
- Flywire Serviços Ltda Brazil7
- Flywire Spain, S.L.U. Spain7
- Learning Information Systems Pty Limited Australia7
- Lis Studylink India Private Limited India7
- OSHC Australia Pty Ltd Australia7
- Simplificare Ltd. Israel7
- WPM Education Limited United Kingdom7
- WPM Payment Security Limited United Kingdom7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- peerTransfer CorpJul 8, 2013 to Jan 14, 20156
Timeline
- Sep 23, 20268-K Executive or director change; Regulation FD disclosure35
- Aug 4, 20268-K Results of operations; Regulation FD disclosure36
- Jun 5, 20268-K Shareholder vote37
- May 15, 20268-K Regulation FD disclosure; Other events38
- May 5, 20268-K Results of operations; Regulation FD disclosure39
- Mar 26, 20268-K Executive or director change; Regulation FD disclosure40
- Feb 24, 20268-K Results of operations; Regulation FD disclosure; Other events41
- Jan 14, 20268-K Executive or director change42
- Nov 4, 20258-K Results of operations; Regulation FD disclosure43
- Aug 5, 20258-K Results of operations; Regulation FD disclosure44
- Jun 6, 20258-K Shareholder vote45
- May 6, 20258-K Results of operations; Regulation FD disclosure46
- May 25, 2021New chief executive Michael Massaro becomes CEO17
- Jul 31, 2009Founded Founded1
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.23 a share, on Nov 4, 2025.47
When it reported results
- Aug 4, 2026Reported quarterly or annual results36
- May 5, 2026Reported quarterly or annual results39
- Feb 24, 2026Reported quarterly or annual results41
- Nov 4, 2025Reported quarterly or annual results43
- Aug 5, 2025Reported quarterly or annual results44
- May 6, 2025Reported quarterly or annual results46
- Feb 25, 2025Reported quarterly or annual results48
- Nov 7, 2024Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
710 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 443 insider forms, 39 large holders, 172 other. The latest 20:
- Oct 15, 20264 EDGAR
- Sep 24, 20264 EDGAR
- Sep 24, 20263 EDGAR
- Sep 23, 20268-K EDGAR
- Sep 22, 20264 PRIMARY DOCUMENT EDGAR
- Sep 15, 20264 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 10, 20264 EDGAR
- Sep 8, 2026144 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Sep 1, 20264 PRIMARY DOCUMENT EDGAR
- Aug 28, 20264 PRIMARY DOCUMENT EDGAR
- Aug 26, 20264 PRIMARY DOCUMENT EDGAR
- Aug 20, 20264 PRIMARY DOCUMENT EDGAR
The 710 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
429 open-market trades by officers, directors and large owners since October 2021: 4 buys and 425 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | King David R.See Remarks | Sale | 36,900 | $17.88 | $659.8K | Form 4 |
| Sep 8, 2026 | Butterfield PeterGeneral Counsel and CCO | Sale | 12,156 | $17.99 | $218.7K | Form 4 |
| Sep 2, 2026 | Kansal MohitChief Payments Officer | Sale | 12,423 | $18.69 | $232.2K | Form 4 |
| Sep 1, 2026 | Massaro MichaelChief Executive Officer | Sale | 112,500 | $18.39 | $2.1M | Form 4 |
| Aug 28, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Sale | 44,768 | $18.78 | $840.7K | Form 4 |
| Aug 27, 2026 | Voss Capital, LP10% owner | Sale | 93,927 | $18.92 | $1.8M | Form 4 |
| Aug 26, 2026 | Voss Capital, LP10% owner | Sale | 26,094 | $18.99 | $495.5K | Form 4 |
| Aug 25, 2026 | Voss Value Master Fund, LP10% owner | Sale | 172,973 | $19.19 | $3.3M | Form 4 |
| Aug 24, 2026 | Voss Value Master Fund, LP10% owner | Sale | 101,300 | $19.49 | $2.0M | Form 4 |
| Aug 19, 2026 | Voss Value Master Fund, LP10% owner | Sale | 25,000 | $18.86 | $471.5K | Form 4 |
| Aug 18, 2026 | Voss Value Master Fund, LP10% owner | Sale | 79,500 | $18.34 | $1.5M | Form 4 |
| Aug 7, 2026 | Riese Phillip JohnDirector | Sale | 36,000 | $18.22 | $655.9K | Form 4 |
| Jul 17, 2026 | Massaro MichaelChief Executive Officer | Sale | 32,328 | $18.20 | $588.4K | Form 4 |
| Jul 16, 2026 | Massaro MichaelChief Executive Officer | Sale | 92,672 | $18.62 | $1.7M | Form 4 |
| Jul 1, 2026 | Butterfield PeterGeneral Counsel and CCO | Sale | 31,096 | $18.06 | $561.6K | Form 4 |
| Jun 25, 2026 | Kansal MohitChief Payments Officer | Sale | 3,650 | $16.96 | $61.9K | Form 4 |
| Jun 15, 2026 | Kansal MohitChief Payments Officer | Sale | 54,543 | $15.15 | $826.3K | Form 4 |
| Jun 15, 2026 | Massaro MichaelChief Executive Officer | Sale | 50,000 | $15.26 | $763.0K | Form 4 |
| Jun 15, 2026 | Butterfield PeterGeneral Counsel and CCO | Sale | 6,528 | $15.08 | $98.4K | Form 4 |
| Jun 8, 2026 | Santos Edwin JDirector | Sale | 6,524 | $14.12 | $92.1K | Form 4 |
All 429 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CADIAN CAPITAL MANAGEMENT, LPSCHEDULE 13G/A, 6 filings May 15, 2025 to Aug 14, 202650
- Temasek Holdings (Private) LtdSCHEDULE 13G/A, 4 filings Feb 14, 2022 to Jul 22, 202651
- Divisadero Street Capital Management, LPSCHEDULE 13G, 1 filing Jun 16, 202652
- Voss Capital, LPSCHEDULE 13G/A, 5 filings Jun 3, 2025 to Apr 22, 202653
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 202654
- FMR LLCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to May 12, 202555
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to May 9, 202556
- WESTFIELD CAPITAL MANAGEMENT CO LPSCHEDULE 13G/A, 2 filings Feb 11, 2025 to Mar 5, 202557
- AllianceBernsteinSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202458
- BAIN CAPITAL VENTURE FUND 2014, L.P.SC 13G/A, 3 filings Feb 14, 2022 to Feb 13, 202459
- BlackRockSC 13G, 1 filing Jan 29, 202460
- Spark Capital II LPSC 13G/A, 2 filings Feb 10, 2022 to Feb 3, 202361
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael MassaroChief Executive Officer | 47 | $450.0K | $8.8M62 |
| 2025 | Robert OrgelPresident and Chief Operating Officer | 57 | $350.0K | $5.2M62 |
| 2025 | Cosmin PitigoiChief Financial Officer | 49 | $410.0K | $4.2M62 |
| 2025 | David KingChief Product Officer & Co-President of Global Education* | 57 | $310.0K | $3.7M62 |
| 2025 | Peter ButterfieldGeneral Counsel and Chief Compliance Officer | 61 | $310.0K | $2.3M62 |
| 2024 | Cosmin PitigoiChief Financial Officer | 49 | $340.4K | $11.3M62 |
| 2024 | Michael MassaroChief Executive Officer | 47 | $450.0K | $10.0M62 |
| 2024 | Robert OrgelPresident and Chief Operating Officer | 57 | $350.0K | $5.9M62 |
| 2024 | David KingChief Product Officer & Co-President of Global Education* | 57 | $310.0K | $4.2M62 |
| 2024 | Peter ButterfieldGeneral Counsel and Chief Compliance Officer | 61 | $310.0K | $2.5M62 |
| 2023 | Michael MassaroChief Executive Officer | 47 | $450.0K | $8.7M62 |
| 2023 | Robert OrgelPresident and Chief Operating Officer | 57 | $350.0K | $4.7M62 |
| 2023 | David KingChief Product Officer & Co-President of Global Education* | 57 | $300.0K | $3.7M62 |
| 2023 | Peter ButterfieldGeneral Counsel and Chief Compliance Officer | 61 | $300.0K | $2.4M62 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Voss Capital, LP | 13,629,500 | $239.5M | 12.0% | +4,500 |
| BlackRock, Inc. | 9,144,416 | $160.7M | 0.0% | +480,397 |
| Divisadero Street Capital Management, LP | 6,644,513 | $116.7M | 2.7% | +573,919 |
| Temasek Holdings (Private) Ltd | 6,173,385 | $108.5M | 0.3% | No change |
| Cadian Capital Management, LP | 5,744,166 | $100.9M | 7.6% | −873,953 |
| Wellington Management Group Llp | 5,340,579 | $93.8M | 0.0% | +64,998 |
| Jennison Associates LLC | 5,272,962 | $92.6M | 0.1% | −25,919 |
| Vanguard Portfolio Management LLC | 4,966,384 | $87.3M | 0.0% | −10,176 |
| Vanguard Capital Management LLC | 4,960,457 | $87.2M | 0.0% | −83,708 |
| Driehaus Capital Management LLC | 4,506,928 | $79.2M | 0.5% | New |
| Geode Capital Management, LLC | 3,202,444 | $56.3M | 0.0% | +208,142 |
| Mangrove Partners Im, LLC | 2,984,076 | $52.4M | 3.4% | −30,921 |
| State Street Corp | 2,873,939 | $50.5M | 0.0% | +10,383 |
| UBS Group AG | 2,831,868 | $49.8M | 0.0% | +2,647,553 |
| Citadel Advisors LLC | 2,591,997 | $45.5M | 0.0% | −794,286 |
| Wasatch Advisors LP | 2,505,756 | $44.0M | 0.3% | New |
| Fuller & Thaler Asset Management, Inc. | 2,354,573 | $41.4M | 0.1% | New |
| First Eagle Investment Management, LLC | 2,307,274 | $40.5M | 0.0% | +1,506,437 |
| Dimensional Fund Advisors LP | 2,248,466 | $39.5M | 0.0% | +361,601 |
| Ameriprise Financial Inc | 1,446,164 | $25.4M | 0.0% | −132,794 |
| Primecap Management Co/ca/ | 1,445,700 | $25.4M | 0.0% | −27,800 |
| Morgan Stanley | 1,426,105 | $25.1M | 0.0% | −84,987 |
| Goldman Sachs Group Inc | 1,253,077 | $22.0M | 0.0% | −165,788 |
| Franklin Resources Inc | 1,204,848 | $21.2M | 0.0% | +14,386 |
| Ararat Capital Management LP | 1,144,903 | $20.1M | 9.4% | −299,881 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Apr 17, 2025 | Gilbert Ray Cisneros, Jr.Democratic, House | Sale | $1,001 - $15,000 | −71.3% | Report |
| Mar 19, 2025 | Josh GottheimerDemocratic, House | Sale | $1,001 - $15,000 | −52.0% | Report |
| Jul 19, 2024 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −34.2% | Report |
| Jun 18, 2024 | Josh GottheimerDemocratic, House | Sale | $1,001 - $15,000 | +15.0% | Report |
| Nov 14, 2022 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −109.2% | Report |
| Sep 27, 2022 | Josh GottheimerDemocratic, House | Buy | $1,001 - $15,000 | −125.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Flywire is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFlywire Corp2
- CIK0001580560
- Employer ID (EIN)27-069079916
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
- Incorporated inDelaware16
- Fiscal year endsDecember 312
- Industry code (SIC)7389 Services-Business Services, NEC2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address141 Tremont Street, Suite 10, Boston, MA 021112
- Phone617-329-45242
- Shares outstanding119,330,978 Voting Common Stock shares; 1,873,320 Nonvoting Common Stock shares as of Feb 20, 202616
- Public float$1.4B as of Jun 30, 202516
- AuditorPricewaterhouseCoopers LLP, Boston, Massachusetts PCAOB ID 238; it also attests to the company’s internal control over financial reporting16
- On EDGAR sinceJul 8, 20132
- Filings776 in all: 4 (444), 144 (144), 8-K (40), 3 (26), 10-Q (16), SCHEDULE 13G/A (16), SC 13G/A (11), SC 13G (9)2
All 32 form types
4/A (8), CORRESP (7), UPLOAD (7), S-8 (6), 10-K (5), DEF 14A (5), DEFA14A (5), ARS (4), D (4), SCHEDULE 13G (4), 424B5 (2), 424B4 (1), 5 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), NT 10-K (1), S-1 (1), S-1/A (1), S-1MEF (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 23, 2026
Latest 8-K (8-K) Sep 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Voting common stock, $0.0001 par value per share | FLYW | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks Flywire names in Item 1A of its 10-K filed Feb 24, 2026: 73 risks under these headings, as written.16
- Risks Related to Our Business and Industry
- Risks Related to Our Operations
- Risks Related to Our Legal, Regulatory and Compliance Landscape
- Risks Related to Being a Public Company
- Risks Related to Ownership of Our Common Stock
- We have a history of operating losses and may not achieve or sustain profitability in the future.
- We have a short operating history at our current scale in a rapidly and significantly evolving industry and, as a result, our past results may not be indicative of future operating performance.
- If we are unable to retain our current clients, attract new clients and increase the number of our clients’ customers that use our solutions or sell additional functionality to our clients, our revenue growth and operating results will be adversely affected.
- We may experience quarterly and annual fluctuations in our operating results, as well as our key metrics, due to a number of factors which make our future results difficult to predict and could cause our operating results to fall below expectations or our guidance.
- We undertook restructuring activities that may not yield their intended efficiencies and could strain resources, negatively impact workforce morale, and slow down execution of our strategic plans.
- Our operational and business portfolio reviews may not result in improvements to our financial performance, strategy, or operations, and we face a number of risks related to such reviews.
- We expect our revenue mix to vary over time, which could affect our gross profit, gross margin and results of operations.
The other 66 risks
- If our efforts to attract new clients and increase the number of our clients’ customers that use our solutions are unsuccessful, our revenue growth and operating results will be adversely affected.
- If we are unable to expand our direct and channel sales capabilities, grow our marketing reach and increase sales productivity, we may not be able to generate increased revenues.
- Our business could be adversely affected if our clients or their customers are not satisfied with the timing or quality of implementation services provided by us or our partners.
- Our financial and operating results are subject to seasonality and cyclicality.
- We are exposed to fluctuations in foreign currency exchange rates that could materially and adversely affect our results of operations.
- Certain of our key performance indicators are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
- Our business depends, in large part, on our proprietary network of global, regional and local banking partners.
- Our growth depends in part on the success of our relationships with other (non-banking) third-parties.
- The markets in which we participate are competitive, and if we do not compete effectively, our operating results could be harmed.
- Our estimates of market opportunity and our ability to capture a meaningful share of this payment volume may prove to be inaccurate, and even if the market in which we compete achieves the forecasted growth, our business could fail to grow at similar rates, if at all.
- Our clients in the education sector may be adversely affected by decreases in enrollment, limitations or other restrictions on student visas, pressure on tuition costs, or increased operating expenses, which may reduce demand for our solutions.
- A number of recent actual and proposed U.S. policy changes and enforcement practices could reshape the U.S. private secondary and higher education landscape, impacting students, our client educational institutions, and the wider educational framework in the United States.
- The healthcare industry is rapidly evolving and the market for technology-enabled payment services that empower healthcare clients and their customers is relatively immature and unproven. If we are not successful in promoting the benefits of our solutions, our growth may be limited.
- Our business serving clients in the travel sector may be sensitive to events affecting the travel industry in general.
- If we are unable to enter or expand new client verticals or sub-verticals, including our relatively new B2B payment vertical, or if our solutions for any new vertical fail to achieve market acceptance, our operating results could be adversely affected and we may be required to reconsider our growth strategy.
- Consolidation in the payment processing or enablement industry could have a material adverse effect on our business, financial condition and results of operations.
- We may be adversely affected by global economic and political instability.
- We may not be able to scale our business quickly enough to meet our growing client base, and if we are not able to grow efficiently, our operating results could be harmed.
- We enable the transfer of large sums of funds to our clients daily, and are subject to the risk of errors, which could result in financial losses, damage to our reputation, or loss of trust in our brand, which would harm our business and financial results.
- Our management of our operating funds and client funds may be reliant on a limited number of our banking partners and other financial institutions.
- Our marketable securities portfolio is subject to credit, liquidity, market, and interest rate risks that could cause its value to decline significantly and materially adversely affect our business, financial condition, results of operations, and prospects.
- Volatility in the banking and financial services ecosystems may impact our bank partnerships and relationships, which could adversely affect our operations and liquidity.
- If we are unable to maintain or expand our ability to offer a variety of local and international payment methods for our clients to make available to their customers, or if we fail to continue to grow and develop preferred payment choices, our business may be materially and adversely affected.
- We, our strategic partners and our clients obtain and process large amounts of personal and sensitive data. Any real or perceived improper or unauthorized use of, disclosure of, or access to such data could harm our reputation as a trusted brand, as well as have a material adverse effect on our business.
- Cyberattacks and security vulnerabilities can disrupt our business and harm our competitive position.
- Our risk management efforts may not be effective to prevent fraudulent activities by our clients, FlyMates or other third-parties, which could expose us to material financial losses and liability and otherwise harm our business.
- We rely on a third-party digital asset partner to process stablecoin transactions and facilitate fiat conversion. Any operational failure, security breach, or regulatory action affecting our third-party digital asset partner could expose us to additional financial, regulatory, operational, and market risks that could adversely affect our business, financial condition, and results of operations.
- If we fail to adapt and respond effectively to rapidly and significantly changing technology, evolving industry standards, changing regulations, and changing business needs, requirements, or preferences, or if we fail to continue to grow and develop our payments solutions, our business may be materially and adversely affected.
- We use artificial intelligence (AI) in our solutions and services which may result in operational challenges, legal liability, reputational harm, competitive risks and regulatory and enhanced fraud concerns that could adversely affect our business and results of operations.
- Changes to payment card networks fees or rules could harm our business.
- If we do not or cannot maintain the compatibility of our solution with evolving software solutions used by our clients, or the interoperability of our solutions with those of our third-party payment providers, payment networks and key software vendors, our business may be materially and adversely affected.
- If we fail to maintain, protect and enhance our brand, our ability to expand our client base will be impaired and our business, operating results, and financial condition may suffer.
- If we lose key members of our management team or are unable to attract and retain executives and employees we need to support our operations and growth, our business may be harmed.
- The failure to attract and retain additional qualified personnel could prevent us from executing our business strategy and growth plans.
- If we cannot maintain our company culture as we grow, our success and our business may be harmed.
- Our sales cycles may be long and vary.
- We typically incur significant upfront costs in our client relationships, and if we are unable to develop or grow these relationships over time, we are unlikely to recover these costs and our operating results may suffer.
- If we fail to offer high-quality client support, or if our support is more expensive than anticipated, our business and reputation could suffer.
- We may require additional capital to support the growth of our business, and this capital might not be available on acceptable terms, if at all.
- Our business could be harmed as a result of the risks associated with our acquisitions.
- Systems failures and resulting interruptions in the availability of our solutions and core payment platform could harm our business.
- We handle cross-border and domestic payments and plan to expand our solutions to new clients, to accept and settle payments in new countries and in new currencies, and to increase our global network to allow us to offer local and alternative payment methods, creating a variety of operational challenges; additionally, our domestic and international operations subject us to increased risks, which could harm our business.
- Payments and other financial services-related regulations and oversight are material to our business. Our failure to comply could materially harm our business.
- The regulatory environment in which we operate is subject to constant change, and new regulations could make aspects of our business as currently conducted no longer possible.
- We are subject to governmental laws and requirements regarding economic and trade sanctions, AML and CFT that could impair our ability to compete in international markets or subject us to criminal or civil liability if we violate them.
- Any actual or perceived failure to comply with governmental regulation and other legal obligations, particularly those related to privacy, data protection, and information security, could harm our business. Compliance with such laws could also result in additional costs and liabilities to us or inhibit sales of our solutions.
- We are subject to anti-corruption, anti-bribery, and similar laws, and non-compliance with such laws can subject us to criminal or civil liability and harm our business.
- If we fail to adequately protect our proprietary rights, our competitive position could be impaired and we may lose valuable assets, generate less revenue and incur costly litigation to protect our rights.
- We may in the future be subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
- Our use of “open source” software could negatively affect our ability to offer and sell access to our solutions and subject us to possible litigation.
- Indemnity and liability provisions in various agreements potentially expose us to substantial liability for intellectual property infringement, data protection, and other losses.
- New or revised tax regulations, unfavorable resolution of tax contingencies or changes to enacted tax rates could adversely affect our tax expense.
- Our ability to use our net operating losses (NOLs) to offset future taxable income may be subject to certain limitations.
- As a public company, we are obligated to develop and maintain proper and effective internal control over financial reporting, and if we fail to continue to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable laws and regulations could be impaired.
- We will continue to incur increased costs as a result of operating as a public company, and our management will be required to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
- The price of our common stock may be volatile or may decline regardless of our operating performance and you may not be able to resell your shares at or above the price you paid for them.
- Our business and operations could be negatively affected by securities litigation or stockholder activism.
- Raising additional capital may cause dilution to our existing stockholders, restrict our operations or require us to relinquish rights to our intellectual property on unfavorable terms to us.
- We may allocate our cash and cash equivalents in ways that you and other stockholders may not approve.
- We cannot guarantee that our Repurchase Program will be fully implemented or that it will enhance stockholder value, and share repurchases could affect the price of our common stock.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- Sales of substantial amounts of our common stock in the public markets could cause the market price of our common stock to decline.
- The concentration of our stock ownership will likely limit your ability to influence corporate matters, including the ability to influence the outcome of director elections and other matters requiring stockholder approval.
- We do not intend to pay dividends on our common stock, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
- Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the trading price of our common stock.
- Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or FlyMates.
Legal proceedings
From time to time, we may be subject to legal proceedings and claims in the ordinary course of business, including patent, commercial, product liability, employment, class action, whistleblower, and other litigation and claims, as well as governmental and other regulatory investigations and proceedings. In addition, third-parties may from time to time assert claims against us in the form of letters and other communications. We are not currently a party to any legal proceedings that we believe to be material, individually or in the aggregate, to our business or consolidated financial statements. The results of any future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors.
In the course of enhancing our sanctions compliance function, we initiated an internal review that identified issues related to our compliance with sanctions, including payments that may have originated from sanctioned jurisdictions or sanctioned persons. Although Flywire continues to evaluate whether these or other transactions constitute potential violations of OFAC sanctions (including whether certain of these payments may have been authorized by general licenses or license exemptions under the relevant sanctions regulations), Flywire has made voluntary submissions to OFAC to report apparent violations and provide supplemental information. Flywire is currently engaging with OFAC to resolve these matters. Based upon the results of the internal investigation completed to date, we do not believe that the amount of any loss incurred as a result of this matter would be material to our business, financial condition, results of operations or cash flows.
The opening of Item 3, Legal Proceedings.16
Links
- Websitewww.flywire.com1
- WikidataQ97498233
- SEC EDGARCIK 1580560
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataFlywire on Wikidata
- 2SEC EDGARFlywire filings on SEC EDGAR
- 3
- 4Company websiteFlywire logo
- 5SEC EDGARFlywire 10-K for fiscal 2025
- 6SEC EDGARFlywire filings on SEC EDGAR
- 7
- 8SEC EDGARFlywire 10-K for fiscal 2019
- 9SEC EDGARFlywire 10-K for fiscal 2020
- 10SEC EDGARFlywire 10-K for fiscal 2021
- 11SEC EDGARFlywire 10-K for fiscal 2022
- 12SEC EDGARFlywire 10-Q for fiscal 2025
- 13SEC EDGARFlywire 10-Q for fiscal 2025
- 14SEC EDGARFlywire 10-Q for fiscal 2026
- 15SEC EDGARFlywire 10-Q for fiscal 2025
- 16
- 17
- 18SEC EDGARRob Orgel, President
- 19
- 20
- 21
- 22SEC EDGARMohit Kansal, Chief Payments Officer
- 23SEC EDGARChristine Katziff, Board member
- 24SEC EDGARSabrina Farmer, Board member
- 25SEC EDGARCarleigh Jaques, Board member
- 26SEC EDGARDiane E. Offereins, Board member
- 27SEC EDGARGretchen Howard, Board member
- 28SEC EDGARAlex Finkelstein, Board member
- 29SEC EDGAREdwin J. Santos, Board member
- 30SEC EDGARJo Natauri, Board member
- 31SEC EDGARPhillip John Riese, Board member
- 32SEC EDGAR2020 L.p. Stonebridge, Board member
- 33SEC EDGARYvonne Hao, Board member
- 34SEC EDGARPeter Butterfield, General counsel
- 35
- 36
- 37SEC EDGARShareholder vote
- 38
- 39
- 40
- 41
- 42SEC EDGARExecutive or director change
- 43
- 44
- 45SEC EDGARShareholder vote
- 46
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